1246 Lakeview Dr, Cross Junction, VA 22625
4 beds · 2 baths · 1,562 sqft
This home comes with an Assumable Loan!! This means a lower interest rate for qualified buyers. Welcome to this exceptional 4-bedroom, 2-bath contemporary home, perfectly positioned on a corner lot within a gated community. The home exudes modern elegance, featuring a spacious kitchen with sleek granite countertops and under-cabinet lighting. The main level offers a versatile bedroom, while the upper level boasts a master suite complete with a private balcony—perfect for enjoying serene morning views. The living room serves as a centerpiece for relaxation and entertainment, showcasing a striking floor-to-ceiling brick fireplace that adds warmth and character. Step outside to explore the community’s incredible amenities, including access to a 240-acre lake ideal for boating, fishing, and swimming. Residents also enjoy a clubhouse for gatherings, a state-of-the-art fitness center, and scenic outdoor trails. The lake even features a beach area, offering a perfect retreat for leisurely days by the water. While showing please excuse the moving boxes as sellers are packing to move to their new home.
Source: BRIGHT #VAFV2033764
Source: BRIGHT #VAFV2033764
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.